News Summary: 3 top stock funds to reduce risk

Article by: The Associated Press

Associated Press

November 8, 2012 - 5:02 PM

OVER THE BRINK?: With the election behind, anxiety over the "fiscal cliff" became apparent as stocks tumbled Wednesday and Thursday. Bush-era tax cuts will expire Jan. 1 and federal spending cuts will begin unless lawmakers reach a deal on taxes and spending.

PLAY DEFENSE: It could be an opportune time for investors to assess whether to modestly reduce risk levels. One option: stock mutual funds that have succeeded in limiting losses when the market has fallen, while also performing well long-term.